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Jul 8, 2011
07/11
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to be done, with bridges and roads and rail lines that are showing the age, and you can imagine the big plan to spend the money for the upgrade of the infrastructure and something of long lasting benefits to be done over several years and not one-off stimulus, but takes place over five or ten years and you could spend a half a trillion or trillion dollars and if you did, that you might want to think about simultaneously fiscal restraint on the health care cost are the long-term deficit problems and make sure that the interest rates don't rise and offset the rises, but there is a real opportunity to put construction workers to work, and make the infrastructure stronger. >> when we talk about jobs, we tend to talk about congress a lot, but you report on the federal reserve, and it is the power over the economy that people often underestimate. so what if ben bernanke could get enough votes on the board, what could he do to help? >> well, the federal reserve is aggressive in trying to support the economy. they have the normal tools all employed. they cut the interest rates to zero and keep
to be done, with bridges and roads and rail lines that are showing the age, and you can imagine the big plan to spend the money for the upgrade of the infrastructure and something of long lasting benefits to be done over several years and not one-off stimulus, but takes place over five or ten years and you could spend a half a trillion or trillion dollars and if you did, that you might want to think about simultaneously fiscal restraint on the health care cost are the long-term deficit problems...
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Jul 18, 2011
07/11
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it is a big con. and joining me is the top economic adviser to joe biden, and senator fellow on budget and policy. >> good to see you. >> and you are different affiliations. >> that is right. sorry about that. >> what would we have to throw overboard in order to make the numbers work? >> that is a great question. it is the one factoid i didn't hear in the excellent introduction. >> waiting for you. >> thanks for saving these. look, this thing, within a new fiscal year, the 2012 fiscal year which starts in 70 days or so, it would require a cut of $111 billion, okay. that's a little bit less than, about 7/10ths of a percent of gdp. if anybody in their right mind thinks that this economy went from fragile to frail with the last couple of jobs reports can sustain an extraction of $111 billion of federal spending right now, i'm not sure what planet they are living on. most of the responsible budget plans including the fiscal commission and rital ridalin/deminchey, and you would see the safety programs that
it is a big con. and joining me is the top economic adviser to joe biden, and senator fellow on budget and policy. >> good to see you. >> and you are different affiliations. >> that is right. sorry about that. >> what would we have to throw overboard in order to make the numbers work? >> that is a great question. it is the one factoid i didn't hear in the excellent introduction. >> waiting for you. >> thanks for saving these. look, this thing, within a...
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Jul 7, 2011
07/11
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ben's a re/max agent, and he's a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. [ male announcer ] built like a volkswagen. the 2011 tiguan. [ grunts ] >>> it's time to clear the air. tomorrow's the first friday of the month. that might not mean much more than the weekend to most people, but to a communist financial markets not to mention the white house and every single republicans who hopes to occupy it in 30in 2013, it's a very important day. the day the monthly job numbers come out. trying to predict these is a fool's game. here's a bit of confidence. however good or bad they, they aren't going to be good enough. keep in mind we need more than 100,000 new jobs every month just to keep up with population growth. it we add 200,000 month after month, it will take until 2017 to get back down to 6% unemployment. with 50 million people out of work, that's much to long. yet all anyone in washington wants to talk about is t
ben's a re/max agent, and he's a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. [ male announcer ] built like a volkswagen. the 2011 tiguan. [ grunts ] >>> it's time to clear the air. tomorrow's the first friday of the month. that might not mean much more than the weekend to most people, but to a communist financial markets not to mention the white house and...
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Jul 6, 2011
07/11
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but, again, president wants to see a big deal get done, and by big he would like to see about $2 trillion. that's a figure that we're hearing in cuts over the next 2e7b yea ten years or so. >> thanks so much, kristen welker at the white house. a preview of tomorrow. >>> has it all come down to a game of chicken between the president and the congress as we head into next year's election or can the two parties come together in a rare bipartisan effort to actually do what's right for the country? ezra klein is columnist for the "washington post." you've been watching this twitter conference, this news briefing that we've been watching, all the questions coming to the president, and you noticed one question you were watching. >> a fascinating one from nick kristof at the "new york times," and he laid out basically an alternative reality which is what if the debt ceiling had been raised in the tax deal. people were arguing the president should have done that. the tax dealincreased the deficit by $850 billion. it was a moment in which the administration had real leverage on the republicans. the
but, again, president wants to see a big deal get done, and by big he would like to see about $2 trillion. that's a figure that we're hearing in cuts over the next 2e7b yea ten years or so. >> thanks so much, kristen welker at the white house. a preview of tomorrow. >>> has it all come down to a game of chicken between the president and the congress as we head into next year's election or can the two parties come together in a rare bipartisan effort to actually do what's right...
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Jul 19, 2011
07/11
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a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. [ male announcer ] introducing mio. a revolutionary water enhancer. add a little...add a lot. for a drink that's just the way you like it. make it yours. make it mio. >>> you never want to doubt washington's endless capacity to disappoint, but you know it is possible, just maybe that if things go just right that there's a chance, a small one, a sliver of hope that we have had a major breakthrough here on the debt debate. today president obama made a surprise appearance in the white house briefing room to address the debt negotiations and began by describing how he sees thing, but then he brought up something new, the revival of the so-called gang of six. senators from both parties who are suddenly and some say unexpectedly to come forward to propose a package to finally settle the debt ceiling debate. >> so, here is where we stand. we have a
a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. [ male announcer ] introducing mio. a revolutionary water enhancer. add a little...add a lot. for a drink that's just the way you like it. make it yours. make it mio. >>> you never want to doubt washington's endless capacity to disappoint, but you know it is possible, just maybe that if things go just right that...
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Jul 26, 2011
07/11
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big savings -- it's a good look for you. [ blower whirring ] [blower stops] the safety was off. out there with a better way. now, that's progressive. with listerine® whitening plus restoring rinse. it's the only listerine® that gets teeth two shades whiter and makes tooth enamel two times stronger. get dual-action listerine® whitening rinse. building whiter, stronger teeth. morning starts with arthritis pain... that's two pills before the first bell. [ bell rings ] it's time for recess... and more pills. afternoon art starts and so does her knee pain, that's two more pills. almost done, but hang on... her doctor recommended aleve because it can relieve pain all day with just two pills. this is lisa... who switched to aleve and fewer pills for a day free of pain. and get the all day pain relief of aleve in liquid gels. >>> i'm brian sullivan of the cnbc market wrap and stocks are largely taking a hit as investors wait for d.c. to make a debt deal. here are how to averages look. dow down 91 points and led by the industrials and s&p is lower, and more bad news on the housing fro
big savings -- it's a good look for you. [ blower whirring ] [blower stops] the safety was off. out there with a better way. now, that's progressive. with listerine® whitening plus restoring rinse. it's the only listerine® that gets teeth two shades whiter and makes tooth enamel two times stronger. get dual-action listerine® whitening rinse. building whiter, stronger teeth. morning starts with arthritis pain... that's two pills before the first bell. [ bell rings ] it's time for recess......